Owning vs Renting A Jet
A private flight is the quickest way to reach your destination, but how do you decide between private jet hire and buying your own plane?
A private jet allows you to travel at the utmost convenience to any destination, at any time. Taking these benefits into account, many jetsetters wonder if they would be better off with private jet charter or buying their own plane. While it is said that this decision depends on how often one travels, this really is a personal preference.
The first thing that needs to be considered when looking to own a jet is cost of buying and maintaining the aircraft. The Aircraft Owners and Pilots Association estimates the operating costs of private jets between £2,274.73 and £5,307.71 per hour. A Bombardier Challenger, for example, would cost about £2,390.06 per hour to operate, while it would require roughly £5,819.495 to keep a Boeing BBJ 2 going. Expenses would include fuel, maintenance, crew salaries, cabin supplies, landing and parking fees.
Owning a private jet gives you complete control over your flying itinerary. You can arrange trips for you, your family and staff impulsively, without any concerns regarding seat bookings, reservations or availability.
Your own set of wings gives you the freedom to customise the jet to your taste. Everything from the décor and equipment, to the crew, is in your hands and you have the final say of who gets to fly on your plane. Apart from the exclusivity and superior comfort levels, owning a private jet comes with a sense of sentiment – and we're not just talking about naming it after your daughter. When you've invested that much effort and money into your personal aircraft, you won't be able to help jetting off with a sense of pride.
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